Collaborative Robots Market Size, Share & Trends Analysis Report By Payload Capacity, By Application (Assembly, Handling, Packaging, Quality Testing), By Vertical, By Region, And Segment Forecasts, 2020 – 2027

Category: Information & Communication Technology (ICT)
Published On: 20 March, 2021
Pages: 169
Report Code: GR - 51593
Formats: pdf, excel

KEY MARKET INSIGHTS

This report covers COVID-19 impact analysis on Collaborative Robots Market Size, Share & Trends Analysis Report By Payload Capacity, By Application (Assembly, Handling, Packaging, Quality Testing), By Vertical, By Region, And Segment Forecasts, 2020 – 2027

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GlobeResearch estimates that the global Collaborative Robots market size is anticipated to reach at USD 3.1 billion by 2027 with the CAGR of 43.5% during 2020 – 2027.

Market Insights 

The collaborative robot is designed to be part of the workforce rather than in the office setting, so it should be placed where it can be near other people, away from other equipment. Small and medium businesses (S&M) and implementation of manufacturing processes are the primary factors contributing to increased productivity. Because of the rise of robotics working with humans in smart-assembly and electronics-assembly, demand has increased for more dexterous individuals. We believe rising demand for all activities requiring greater than performance to be a result of the rising performance expectation of customers. The successes of caged cobots have encouraged wider use within the industry. Advanced cameras, apps, and End of Arm Tools (EOTs) ensure co-robotic injury safety. Advances of technology have come about on a monumental proportions with respect to robotic industry, for good or for ill. Initially, these devices were costly and did not allow for freedom of movement, but over time they became less expensive and offered the flexibility of varying motion. But today’s advanced robotics technology makes it possible to do certain things, and at a lower cost, as well. Furthermore, due to efficiency of total spending and faster output, they have an immediate ROI.

More machines are being used in factory operations and thus there has been a reduction in the amount of worker incidents and deaths. A recent development in marketing has also serves to boost the cost of goods and revenues for a number of firms. The findings and experiences of the organizations that have already begun to implement collaborative robotics have seen large financial results.

From various market verticals, industrial robots are seeing high demand because of their advantages and attractiveness in an industrial world. the demand projections for cobots are the highest in automobile and other manufacturing, as well as the supply chain, warehouse and distribution, and manufacturing assembly operations.

 

Regional Stance

Europe is a major revenue generator, because of that we need to pay attention to it, particularly in 2020. Logistics and inspection are vital to the cobot region’s performance because of the tremendous use of them in various verticals such as electronics and engineering and manufacturing. Also, workplace robotics offers different opportunities such as expanded teamwork and effective production solutions

An increased emphasis on consistency and accuracy of cobot deployments also necessitated industry-wide adoption of full standards. The improved effectiveness, reduction in use, standardization, and control of production are all expected to drive greater acceptance of collaborative robotics over the next two decades. Moreover, with increased focus on robotics, AI, and all the other required technical innovations, the industry will see strong growth over the next few years. Most big-box retailers, such as Amazon, as well as well as e-commerce retailers like eBay and Zappos are starting to use robotics. Logistics plays a crucial role in the overall supply chain for e-retailers. Logistics robotics are becoming more prominent because of their current popularity in joint ventures, and have subsequently lowered the technical cost and improved robotic capability in order to service clients better.

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2016 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2016 – 2018

Unit

  Value (US$)

Segmentation

Market by Capacity -

  • Up to 5kg
  • Up to 10kg
  • Above 10kg
 

Market by Application-

  • Automotive
  • Food & Beverage
  • Furniture & Equipment
  • Plastic & Polymers
  • Metal & Machinery
  • Electronics
  • Pharma
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  • ABB Group
  • F&P Robotics AG
  • Fanuc Corporation
  • KUKA AG
  • DENSO Robotics
  • EPSON Robots
  • Energid Technologies Corporation
  • Others

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Table Of Contents

  1. Introduction
    • Scope of The Study
    • Market Segmentation
      • Collaborative Robots Market - By Capacity
      • Collaborative Robots Market - By Application
      • Collaborative Robots Market - By Country
  2. Key Takeaways
  3. Research Methodology
  4. Collaborative Robots Market and scape
    • Overview
    • Pest Analysis
    • Ecosystem Analysis
  5. Collaborative Robots Market - Key Market Dynamics
    • Key Market Drivers
    • Key Market Restraints
    • Key Market Opportunities
    • Future Trends
    • Impact Analysis of Drivers and Restraints
    • Impact of Covid-19 Pandemic on Global Collaborative Robots Market
  6. Collaborative Robots Market - Global Market Analysis
    • Collaborative Robots Market - Global Market Overview
    • Collaborative Robots Market - Global Market and Forecast To 2027
    • Market Positioning/Market Share
  7. Collaborative Robots Market - Revenue and Forecasts To 2027 – Capacity
    • Overview
    • Capacity Market Forecasts and Analysis
      • Up to 5kg
      • Up to 10kg
      • Above 10kg
  8. Collaborative Robots Market - Revenue and Forecasts To 2027 – Application
    • Overview
    • Application Market Forecasts and Analysis
      • Automotive
      • Food & Beverage
      • Furniture & Equipment
      • Plastic & Polymers
      • Metal & Machinery
      • Electronics
      • Pharma
      • Others
  9. Collaborative Robots Market Revenue and Forecasts To 2027 – Geographical Analysis
    • North America
      • North America Collaborative Robots Market Overview
      • North America Collaborative Robots Market Forecasts and Analysis
      • North America Collaborative Robots Market Forecasts and Analysis - By Capacity
      • North America Collaborative Robots Market Forecasts and Analysis - By Application
      • North America Collaborative Robots Market Forecasts and Analysis - By Countries
        • United States Collaborative Robots Market
          • United States Collaborative Robots Market By Capacity
          • United States Collaborative Robots Market By Application
        • Canada Collaborative Robots Market
          • Canada Collaborative Robots Market By Capacity
          • Canada Collaborative Robots Market By Application
    •  Europe
      • Europe Collaborative Robots Market Overview
      • Europe Collaborative Robots Market Forecasts And Analysis
      • Europe Collaborative Robots Market Forecasts and Analysis - By Capacity
      • Europe Collaborative Robots Market Forecasts and Analysis - By Application
      • Europe Collaborative Robots Market Forecasts and Analysis - By Countries
        • Germany Collaborative Robots Market
          • Germany Collaborative Robots Market By Capacity
          • Germany Collaborative Robots Market By Application
        • France Collaborative Robots Market
          • France Collaborative Robots Market By Capacity
          • France Collaborative Robots Market By Application
        • Italy Collaborative Robots Market
          • Italy Collaborative Robots Market By Capacity
          • Italy Collaborative Robots Market By Application
        • Spain Collaborative Robots Market
          • Spain Collaborative Robots Market By Capacity
          • Spain Collaborative Robots Market By Application
        • UK Collaborative Robots Market
          • UK Collaborative Robots Market By Capacity
          • UK Collaborative Robots Market By Application
        • Rest of Europe Collaborative Robots Market
          • Rest of Europe Collaborative Robots Market By Capacity
          • Rest of Europe Collaborative Robots Market By Application
    •  Asia-Pacific
      • Asia-Pacific Collaborative Robots Market Overview
      • Asia-Pacific Collaborative Robots Market Forecasts And Analysis
      • Asia-Pacific Collaborative Robots Market Forecasts and Analysis - By Capacity
      • Asia-Pacific Collaborative Robots Market Forecasts and Analysis - By Application
      • Asia-Pacific Collaborative Robots Market Forecasts and Analysis - By Countries
        • China Collaborative Robots Market
          • China Collaborative Robots Market By Capacity
          • China Collaborative Robots Market By Application
        • India Collaborative Robots Market
          • India Collaborative Robots Market By Capacity
          • India Collaborative Robots Market By Application
        • Japan Collaborative Robots Market
          • Japan Collaborative Robots Market By Capacity
          • Japan Collaborative Robots Market By Application
        • Australia Collaborative Robots Market
          • Australia Collaborative Robots Market By Capacity
          • Australia Collaborative Robots Market By Application
        • South Korea Collaborative Robots Market
          • South Korea Collaborative Robots Market By Capacity
          • South Korea Collaborative Robots Market By Application
        • Rest of Asia Pacific Collaborative Robots Market
          • Rest of Asia Pacific Collaborative Robots Market By Capacity
          • Rest of Asia Pacific Collaborative Robots Market By Application
    • Middle East & Africa
      • Middle East & Africa Collaborative Robots Market Overview
      • Middle East & Africa Collaborative Robots Market Forecasts And Analysis
      • Middle East & Africa Collaborative Robots Market Forecasts and Analysis - By Capacity
      • Middle East & Africa Collaborative Robots Market Forecasts and Analysis - By Application
      • Middle East & Africa Collaborative Robots Market Forecasts and Analysis - By Countries
        • South Africa Collaborative Robots Market
          • South Africa Collaborative Robots Market By Capacity
          • South Africa Collaborative Robots Market By Application
        • Saudi Arabia Collaborative Robots Market
          • Saudi Arabia Collaborative Robots Market By Capacity
          • Saudi Arabia Collaborative Robots Market By Application
        • UAE Collaborative Robots Market
          • UAE Collaborative Robots Market By Capacity
          • UAE Collaborative Robots Market By Application
        • Rest of Middle East & Africa Collaborative Robots Market
          • Rest of Middle East & Africa Collaborative Robots Market By Capacity
          • Rest of Middle East & Africa Collaborative Robots Market By Application
    • South America
      • South America Collaborative Robots Market Overview
      • South America Collaborative Robots Market Forecasts And Analysis
      • South America Collaborative Robots Market Forecasts and Analysis - By Capacity
      • South America Collaborative Robots Market Forecasts and Analysis - By Application
      • South America Collaborative Robots Market Forecasts and Analysis - By Countries
        • Brazil Collaborative Robots Market
          • Brazil Collaborative Robots Market By Capacity
          • Brazil Collaborative Robots Market By Application
        • Argentina Collaborative Robots Market
          • Argentina Collaborative Robots Market By Capacity
          • Argentina Collaborative Robots Market By Application
        • Rest of South America Collaborative Robots Market
          • Rest of South America Collaborative Robots Market By Capacity
          • Rest of South America Collaborative Robots Market By Application
  10. Industry Landscape
    • Mergers and Acquisitions
    • Agreements Collaborations and Join Ventures
    • New Capacity Launches
    • Expansions and Other Strategic Developments
  11. Collaborative Robots Market and Key Company Profiles
    • ABB Group
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • F&P Robotics AG
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Fanuc Corporation
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • KUKA AG
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • DENSO Robotics
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • EPSON Robots
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Energid Technologies Corporation
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Others
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
  12. Appendix
    • About GlobeResearch
    • Glossary of Terms

 

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2016 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2016 – 2018

Unit

  Value (US$)

Segmentation

Market by Capacity -

  • Up to 5kg
  • Up to 10kg
  • Above 10kg
 

Market by Application-

  • Automotive
  • Food & Beverage
  • Furniture & Equipment
  • Plastic & Polymers
  • Metal & Machinery
  • Electronics
  • Pharma
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  • ABB Group
  • F&P Robotics AG
  • Fanuc Corporation
  • KUKA AG
  • DENSO Robotics
  • EPSON Robots
  • Energid Technologies Corporation
  • Others

FAQs

Methodology

Research Methodology

Globe Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of methodology employed for all our studies include:

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of technology landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

    • Market drivers and restrains, along with their current and expected impact
    • Raw material scenario and supply v/s price trends
    • Regulatory scenario and expected developments
    • Current capacity and expected capacity additions up to 2027

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Primary validation

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

    • Market leading companies
    • Raw material suppliers
    • Product distributors
    • Buyers

The key objectives of primary research are as follows:

    • To validate our data in terms of accuracy and acceptability
    • To gain an insight in to the current market and future expectations

Data Collection Matrix

Perspective

Primary research

Secondary research

Supply side

  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data

Demand side

  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Industry Analysis Matrix

Qualitative analysis

Quantitative analysis

  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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